French Budget Leans On Higher Taxation

PARIS—The French government unveiled a 2014 budget Wednesday that relies on higher taxes, threatening to dent household spending and further erode President François Hollande's record low popularity.

Faced with growing discontent over high taxation, Mr. Hollande's government emphasized that the new budget seeks to improve France's public finances by curbing spending. But net new taxes are expected to increase by €3 billion (about $4...